Friday, June 14, 2019
Daniel McGraw, our reporter in the courtroom, reports that in addition to the $11.2 million compensatory damages awarded last Friday, the jury awarded a total of $33 million in punitive damages, which will probably be reduced by the court to $22 million because of the state law cap at twice compensatory (it's not an absolute cap, but probably will apply here). That brings the total damages to $33 million. We will have the breakdown soon. The jury also awarded attorney's fees, to be determined by the judge. The breakdown was: David Gibson $17.5 million punitive damages Allyn W. Gibson -- $8.75 million punitive damages Gibson Bros. Inc. (the Bakery) $6,973,500 punitive damages
Ouch ... don't worry student loans, and eventually your tax dollars will cover it ..
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